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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple : to upgrade budget handset to 5G, drop iPhone Mini from 2022 lineup -Nikkei

07/21/2021 | 07:36am EDT
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York

(Reuters) - Apple Inc's cheapest handset will support 5G technology in its next iteration and its iPhone Mini will not be included in its 2022 lineup, Nikkei reported https://asia.nikkei.com/Business/Technology/Apple-to-go-all-in-on-5G-for-its-2022-iPhone-lineup on Wednesday, citing sources familiar with the matter.

The company will start selling a 5G version of budget iPhone SE in the first half of 2022, Nikkei reported, adding the device will be powered by its A15 processor and its 5G connectivity will be enabled by Qualcomm Inc's X60 modem chip.

Telecom operators have been spending billions of dollars to upgrade their networks to the much-touted 5G to enable faster internet and better coverage. However, analysts are skeptical of the uses of the technology to individual consumers and believe there are years to come before one can reap the actual benefits.

Meanwhile, demand for iPhone Mini, the smaller version of Apple's flagship device has been muted, compared with its bigger and high-end models like iPhone 12 Pros and the older iPhone 11s as users prefer larger devices to run almost every day-to-day tasks.

U.S. sales of iPhone 12 Mini were just 5% of overall sales of its new phones during the first half of January, according to industry data provider Counterpoint.

Apple did not immediately respond to Reuters request for comment.

(Reporting by Sneha Bhowmik and Eva Mathews in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.06% 145.37 Delayed Quote.9.56%
QUALCOMM, INC. -0.30% 133.48 Delayed Quote.-12.38%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 860 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 26,1x
Yield 2021 0,59%
Capitalization 2 403 B 2 403 B -
EV / Sales 2021 6,35x
EV / Sales 2022 6,14x
Nbr of Employees 147 000
Free-Float 99,0%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 145,37 $
Average target price 165,36 $
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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